decline – FairOdds Network

April 1, 2025

Sans Super Bowl, Nevada gaming revenue slides 9% in February

Nevada's gaming industry watched the Super Bowl from afar this February instead of hosting it and revenue fell 9% year-on-year as a result.

According to data from the Nevada Gaming Control Board published on Monday (31 March), the state brought in $1.21 billion (£936.5 million/€1.12 billion) in monthly gross gaming revenue (GGR). That represents a decrease of just under 10% from last February’s mark of $1.34 billion. The marked decrease is most easily attributable to the Super Bowl, which was estimated to have generated $1 billion in economic impact for the region last year.

For the fiscal year to date, Nevada gaming overall is down 1.1% year-on-year. February’s figures are a stark contrast from January, which, at $1.43 billion, was the second-highest monthly total ever.

Decreases were posted in nearly every market, most notably the Las Vegas Strip. America’s gambling capital posted $690.3 million in February GGR, down 14% YoY. The Strip’s record-breaking post-Covid run could ..

January 10, 2025

Las Vegas Strip revenue declines continue as Nevada posts 4% YoY decrease in November

The Las Vegas Strip posted its fifth consecutive monthly year-on-year revenue decline in November, with the state overall posting a 4.2% drop from last year.

According to figures from the Nevada Gaming Control Board (NGCB) released on 9 January, the state’s gaming industry posted $1.31 billion (£1.07 billion/€1.27 billion) in gross gaming revenue (GGR) in November. The 4.2% YoY decline is the fourth for the state out of the last five months. But this is somewhat qualified by the fact that FY24 was the best ever.

So far in FY25, Nevada gaming is down 2.8% from this point last year, per the NGCB.

The most notable figures from November came from the Las Vegas Strip. America’s gaming capital posted $788.7 million in GGR for the month, down just under 4% from last year. This is the first definitive proof that the second edition of the Formula One Las Vegas Grand Prix did not live up to the inaugural race last November, although local officials had already acknowledged that to be the c..

December 4, 2024

Las Vegas Strip revenue slides 3% in October for fourth straight YoY decline

October gambling revenue figures released today (4 December) by the Nevada Gaming Control Board (NGCB) showed that the state brought in $1.28 billion (£1 billion/€1.2 billion) in gross gaming revenue (GGR) for the month, a year-over-year decline of just over 2%.

Figures for the Las Vegas Strip were the highlight of the report, but not for good reasons. The Strip’s October GGR total of $692 million was a 3% drop year-over-year. That’s the fourth consecutive month of year-over-year declines for America’s gaming capital, which had its best year ever in 2023. For the fiscal year-to-date, the Strip is down more than 6%.

Strip slot revenue ($428.3 million) was up 5.5%, but table games (-14.5%) were tricky again in October. Baccarat revenue, which has become a boom-or-bust category that spurred records last year, plummeted 23.4% to $68.7 million. The Strip is down 33% on the game in the last three months.

Downtown Las Vegas had the worst month of all the southern Nevada markets. Its GGR..

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Tag: decline

Sans Super Bowl, Nevada gaming revenue slides 9% in February

Las Vegas Strip revenue declines continue as Nevada posts 4% YoY decrease in November

Las Vegas Strip revenue slides 3% in October for fourth straight YoY decline